Fox News: GigaMedia: Profit up 43% to Record $12.1 Million in Q1

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GigaMedia: Profit up 43% to Record $12.1 Million in Q1
     

Highlights of First-Quarter 2008 Unaudited Results
-- Consolidated revenues increased 51 percent to a record US$54.6 million from US$36.1 million in the same quarter in 2007 and grew by 15 percent from the previous quarter.
-- Consolidated operating income climbed 49 percent to a record US$12.9 million from US$8.7 million in the same quarter in 2007 and jumped by 39 percent from the previous quarter.
-- Consolidated net income increased 43 percent to a record US$12.1 million from US$8.5 million in the same quarter in 2007 and grew by 13 percent from the previous quarter. GAAP basic and fully-diluted earnings per share were US$0.22 and US$0.20, respectively.
-- Non-GAAP net income was US$12.8 million. Non-GAAP basic and fully- diluted earnings per share were US$0.24 and US$0.21, respectively, which exclude non-cash share-based compensation expenses.<img src="You are not allowed to view links. Register or Login" height="1" width="1"/><img src="You are not allowed to view links. Register or Login" height="1" width="1"/>
     

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